Market leader stock jumps 9% after announcing Q3 results 

Published 23-01-2025, 12:19 pm
© Reuters.  Market leader stock jumps 9% after announcing Q3 results 

The shares of a market leader in the chemical industry specialising in manufacturing adhesives, craftsmen products, polymer emulsions, and construction chemicals jumped 8.6 percent on Thursday after the announcement of its Q3 results.

Price Action (WA:ACT)

With a market capitalization of Rs 1,51,881.71 crores, Pidilite Industries Ltd (NSE:PIDI) rose 8.6 percent in Thursday’s trading session and made a high of Rs 2,993.80 per share compared to its previous closing price of Rs 2,754.75 per share.

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What Happened

Pidilite Industries stock surged after the company reported its Q3 FY24-25 results. Its revenue from operations grew by 7.6 percent YoY from Rs 3,130 crores to Rs 3,368.9 crores in Q3FY25 and it grew by 4 percent QoQ from Rs 3,235 crores in Q2FY25.

The company’s net profit rose by 9 percent YoY from Rs 510.9 crores to Rs 557 crores in Q3FY25. As for QoQ growth, the company grew by 3 percent from Rs 540 crores in Q2FY25.

About the Company

Pidilte Industries Limited has 33 plants and 44 warehouses within the country along with 14 domestic subsidiaries which generated Rs 10,342 Cr in FY24. They also have International manufacturing facilities in countries like Thailand, Egypt, Dubai, Sri Lanka, Bangladesh & Kenya.

The company sells its products under popular brand names such as Fevicol, Dr. Fixit, Fevikwik, M-Seal, Fevistik, Roff, Fevicryl, and Motomax amongst many others.

Segment Revenue

In the Consumer and Bazaar Products segment, the revenue grew 5.1 percent YoY from Rs 2541.27 crores in Q3FY24 to Rs 2672.58 crores in Q3FY25. This was accompanied by a 2 percent YoY growth in profits before interest and tax (PBIT) from Rs 770.43 crores in Q3FY24 to Rs 786.48 crores in Q3FY25.

In the Business to Business Products segment, the revenue grew 18.8 percent YoY from 637.32 crores in Q3FY24 to Rs 757.15 crores in Q3FY25. This was accompanied by a 76.4 percent YoY growth in profits before interest and tax (PBIT) from Rs 75.65 crores in Q3FY24 to Rs 133.47 crores in Q3FY25.

Written by Shwetha Sairam

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